FAST-GROWING engineering services group Renew Holdings reported record half year results, boosted by its work on the Great Western main line to reconnect Devon and Cornwall to the rest of the UK after storms wreaked havoc on the rail line.
Leeds-based Renew said £22m of its half year revenues came from work related to the exceptional weather conditions which battered the Western half of the country in February.
In Devon 100 metres of sea wall was destroyed by the storms causing a significant stretch of the railway to collapse into the sea, leaving the West Country stranded.
Renew worked around the clock with Network Rail to restore the line in time for the Easter holidays, following eight weeks of painstaking repairs to the storm-ravaged railway.
Network Rail’s chief executive Mark Carne said: “Our army of engineers has done an amazing job of putting back together a railway that was ravaged by the elements. They have overcome every obstacle thrown at them, winning many battles along the way to restore this critical piece of the network.”
Renew’s chief executive Brian May said: “The work was completed on time and the line re-opened on schedule. We were able to react very quickly. It was a massive amount of work.”
He was speaking yesterday as Renew reported a 48 per cent rise in revenue to £225.8m.